Individual policies: New Business of individual policies that have been approved, and remain active from April 1st, 2024 to March 31st, 2025, will qualify. The amount of premium corresponding to policies cancelled or in grace period during the qualification period will not count towards qualification.
Corporate group policies: Only New Business of group policies that have been approved, and remain active from April 1st, 2024, to March 31st, 2025, will count towards one qualification for the direct Agent only. For all sales of group policies, only the annualized premium of the active group census will count towards qualification. Any premium amount for policies added to the group after the renewal date will not count towards qualification. For example, if an Agent sold a group on August 3rd, 2024, all active policies during the qualification period will count towards qualification. Any insured added after the group’s renewal date, in this case August 3rd, 2025, will not count towards future qualification.